July canola is up $3.80/mt with November canola up $4.80/mt, July soybean oil is up .55 cents/pound, August European rapeseed is up 1.50 euro per mt and August Malaysian palm oil is up .63%. July oats are down 3 3/4 cents/bushel. July crude oil is up $.55 per barrel, July ULSD is up $.0649 per gallon, and the June Canadian dollar is down .00215 at .72415. The June U.S. Dollar Index is up .052 at 99.270 and the June Brazilian real is down .00075 at 0.19885.

Grain and oilseed markets remain quietly higher, tracking energy markets as the almost daily reports of progress in talks with Iran (that are later denied) have yet to surface. The lack of progress towards the strait being opened continues to be mildly supportive on its own, but traders have been trained to be cautious with their buying.

In the meantime, the record export sales pace for corn continues to march on (at these attractive prices) with another batch of flash export sales reports Friday morning. A total of 603,700 mt (23.8 million bushels) of corn sales were reported for Mexico and Unknown destinations with 45% for 2025-26 delivery and the balance for 2026-27 delivery. A substantial sale of 252,000 mt of soybean cake and meal was also reported for unknown destinations (117,000 mt old crop and 135,000 mt new crop).

In outside markets, stocks are nearing record highs while bonds are now mixed amid a lack of clear direction out of the Iran quagmire. The U.S. dollar is maintaining is slight gains for the same reason.

(c) Copyright 2026 DTN, LLC. All rights reserved.